14th January 2025
Speaking following the announcement the Minister said:
“My primary concern is for the staff and their families who are now coming to terms with the impact of this announcement.
“Officials at my department and IDA Ireland are actively engaged with the company in relation to possible impact for its Irish operations.
“As a country we are close to full employment. The economy is well diversified, with hundreds of thousands of people employed by indigenous SMEs, pharmaceuticals, agri-food, med-tech and financial services.”
The Minister went on to point out that the company is a longstanding and key employer in Ireland, having first established operations in Ireland in 2008, and generating several thousand jobs directly and through contracted employment.
Ireland’s technology sector is made up of a vibrant start-up ecosystem, high quality tech talent, an innovative research ecosystem and a strong FDI base. The technology sector has undergone a period of sustained growth for over 20 years. Sectors that have helped to drive this growth include microelectronics, cloud computing and software as a service, and cyber security.
Ireland continues to be seen as a location of choice for new investors and long-established companies who choose to reinvest in substantial expansions of their operations here. Emerging technology trends, such as data analytics, artificial intelligence and smart manufacturing, will also continue to create new opportunities. Importantly, Ireland’s FDI technology sector is supported by an attractive business environment and a broader research and development ecosystem, supporting companies to collaborate and seize new opportunities to scale their businesses using these emerging technologies.
ENDS
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